{ "attribution": { "source": "legal.exploreworldai.com", "canonical": "https://legal.exploreworldai.com/api/public/v1/judgment-text?id=eu:c-792-23-p", "cite_as": "NovaCopilot, legal.exploreworldai.com (https://legal.exploreworldai.com/api/public/v1/judgment-text?id=eu:c-792-23-p)", "license": "https://legal.exploreworldai.com/revision", "version": "legal-2026-10-13", "fingerprint": "ewai:eu:a03983", "proof": "sha256:f816a3bd2da749d4adda8af8c4839183076f5bea162db2b9bc56ace9007bf1d1", "jurisdiction": "eu", "lang": "en", "publisher": "NovaCopilot by ExploreWorld Legal", "terms": "https://legal.exploreworldai.com/om" }, "brand_source": "Source: NovaCopilot", "item": { "schema_version": "1.0.0", "id": "eu:c-792-23-p", "jurisdiction": "eu", "lang": "en", "brand_source": "Source: NovaCopilot", "brand": { "product": "NovaCopilot", "platform": "ExploreWorldAI", "infrastructure": "ExploreWorld Legal", "infrastructure_url": "legal.exploreworldai.com", "legal_entity": "Valkiv Ventures AB", "permanent_url": "https://legal.exploreworldai.com/novacopilot", "source": "Source: NovaCopilot", "powered_by": "Powered by NovaCopilot", "license": "https://legal.exploreworldai.com/licensvillkor" }, "sections": [ { "title": "Front matter", "paragraphs": [ "para_1", "para_2", "para_3", "para_4", "para_5", "para_6", "para_7", "para_8", "para_9", "para_10", "para_11", "para_12", "para_13", "para_14", "para_15", "para_16", "para_17", "para_18" ], "kind": "front_matter" }, { "title": "Judgment", "paragraphs": [ "para_19", "para_20" ], "kind": "assessment" }, { "title": "Legal context", "paragraphs": [ "para_21", "para_22", "para_23", "para_24", "para_25", "para_26", "para_27", "para_28", "para_29", "para_30", "para_31", "para_32", "para_33", "para_34", "para_35", "para_36", "para_37", "para_38" ], "kind": "legal_framework" }, { "title": "Background to the proceedings", "paragraphs": [ "para_39", "para_40", "para_41", "para_42", "para_43", "para_44" ], "kind": "facts" }, { "title": "The procedure before the General Court and the order under appeal", "paragraphs": [ "para_45", "para_46", "para_47", "para_48", "para_49", "para_50", "para_51", "para_52", "para_53", "para_54", "para_55", "para_56", "para_57", "para_58", "para_59" ], "kind": "facts" }, { "title": "The appeal", "paragraphs": [ "para_60", "para_61", "para_62" ], "kind": "facts" }, { "title": "Arguments of the parties", "paragraphs": [ "para_63", "para_64", "para_65", "para_66", "para_67", "para_68", "para_69", "para_70", "para_71", "para_72", "para_73", "para_74" ], "kind": "facts" }, { "title": "Findings of the Court", "paragraphs": [ "para_75", "para_76", "para_77", "para_78", "para_79", "para_80", "para_81", "para_82", "para_83", "para_84", "para_85", "para_86", "para_87", "para_88", "para_89", "para_90", "para_91", "para_92", "para_93", "para_94", "para_95", "para_96" ], "kind": "assessment" }, { "title": "Arguments of the parties", "paragraphs": [ "para_97", "para_98", "para_99" ], "kind": "assessment" }, { "title": "Findings of the Court", "paragraphs": [ "para_100", "para_101", "para_102", "para_103", "para_104" ], "kind": "assessment" }, { "title": "Costs", "paragraphs": [ "para_105", "para_106", "para_107", "para_108" ], "kind": "costs" }, { "title": "On those grounds, the Court (Seventh Chamber) hereby:", "paragraphs": [ "para_109", "para_110", "para_111", "para_112", "para_113", "para_114", "para_115", "para_116", "para_117", "para_118", "para_119", "para_120" ], "kind": "operative" } ], "paragraphs": [ { "text": "JUDGMENT OF THE COURT (Seventh Chamber)", "paragraph_id": "para_1" }, { "text": "15 May 2025 ( * )", "paragraph_id": "para_2" }, { "text": "( Appeal – Economic and Monetary Union – Banking union – Regulation (EU) No 806/2014 – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Resolution procedure applicable where an entity is failing or is likely to fail – Adoption of a resolution scheme by the Single Resolution Board (SRB) – Preparatory act – Act not open to challenge – Endorsement decision by the Commission – Lack of direct concern – Inadmissibility )", "paragraph_id": "para_3" }, { "text": "In Case C‑792/23 P,", "paragraph_id": "para_4" }, { "text": "APPEAL under Article 56 of the Statute of the Court of Justice of the European Union, brought on 20 December 2023,", "paragraph_id": "para_5" }, { "text": "Sberbank of Russia PAO, established in Moscow (Russia), represented by M. Campa, M. Moretto, M. Pirovano, D. Rovetta and V. Villante, avvocati,", "paragraph_id": "para_6" }, { "text": "appellant,", "paragraph_id": "para_7" }, { "text": "the other parties to the proceedings being:", "paragraph_id": "para_8" }, { "text": "European Commission, represented by P. Messina and D. Triantafyllou, acting as Agents,", "paragraph_id": "para_9" }, { "text": "Single Resolution Board (SRB), represented by H. Ehlers, L. Forestier and J. Rius Riu, acting as Agents, and by M. Françon and C. Vanini, avocats,", "paragraph_id": "para_10" }, { "text": "defendants at first instance,", "paragraph_id": "para_11" }, { "text": "THE COURT (Seventh Chamber),", "paragraph_id": "para_12" }, { "text": "composed of M. Gavalec, President of the Chamber, Z. Csehi and F. Schalin (Rapporteur), Judges,", "paragraph_id": "para_13" }, { "text": "Advocate General: L. Medina,", "paragraph_id": "para_14" }, { "text": "Registrar: A. Calot Escobar,", "paragraph_id": "para_15" }, { "text": "having regard to the written procedure,", "paragraph_id": "para_16" }, { "text": "having decided, after hearing the Advocate General, to proceed to judgment without an Opinion,", "paragraph_id": "para_17" }, { "text": "gives the following", "paragraph_id": "para_18" }, { "text": "Judgment", "paragraph_id": "para_19" }, { "text": "1         By its appeal, Sberbank of Russia PAO, seeks to have set aside the order of the General Court of the European Union of 10 October 2023, Sberbank v Commission and SRB (T‑526/22, ‘the order under appeal’, EU:T:2023:628), by which the General Court dismissed as inadmissible its action, based …", "paragraph_id": "para_20" }, { "text": "Legal context", "paragraph_id": "para_21" }, { "text": "2         Article 18(1)(a) and the first to third subparagraphs of Article 18(7) of Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in t …", "paragraph_id": "para_22" }, { "text": "‘1.      The Board shall adopt a resolution scheme pursuant to paragraph 6 in relation to entities and groups referred to in Article 7(2), and to the entities and groups referred to in Article 7(4)(b) and (5) where the conditions for the application of those paragraphs are met, only when it assesses, in its executive session, on receiving a communication pursuant to the fourth subparagraph, or on its own initiative, that the following conditions are met:", "paragraph_id": "para_23" }, { "text": "(a)      the entity is failing or is likely to fail;", "paragraph_id": "para_24" }, { "text": "…", "paragraph_id": "para_25" }, { "text": "7.      Immediately after the adoption of the resolution scheme, the Board shall transmit it to the [European] Commission.", "paragraph_id": "para_26" }, { "text": "Within 24 hours from the transmission of the resolution scheme by the Board, the Commission shall either endorse the resolution scheme, or object to it with regard to the discretionary aspects of the resolution scheme in the cases not covered in the third subparagraph of this paragraph.", "paragraph_id": "para_27" }, { "text": "Within 12 hours from the transmission of the resolution scheme by the Board, the Commission may propose to the Council [of the European Union]:", "paragraph_id": "para_28" }, { "text": "(a)      to object to the resolution scheme on the ground that the resolution scheme adopted by the Board does not fulfil the criterion of public interest referred to in paragraph 1(c);", "paragraph_id": "para_29" }, { "text": "(b)      to approve or object to a material modification of the amount of the [Single Resolution] Fund provided for in the resolution scheme of the Board.’", "paragraph_id": "para_30" }, { "text": "3         Article 20(5)(a) and (f) and (15) of Regulation No 806/2014 provides:", "paragraph_id": "para_31" }, { "text": "‘5.      The purposes of the valuation shall be:", "paragraph_id": "para_32" }, { "text": "(a)      to inform the determination of whether the conditions for resolution or the conditions for the write-down or conversion of capital instruments and eligible liabilities in accordance with Article 21 are met;", "paragraph_id": "para_33" }, { "text": "…", "paragraph_id": "para_34" }, { "text": "(f)      when the sale of business tool is applied, to inform the decision on the assets, rights, liabilities or instruments of ownership to be transferred and to inform the Board’s understanding of what constitutes commercial terms for the purposes of Article 24(2)(b);", "paragraph_id": "para_35" }, { "text": "…", "paragraph_id": "para_36" }, { "text": "15.      The valuation shall be an integral part of the decision on the application of a resolution tool or on the exercise of a resolution power or the decision on the exercise of the write-down or conversion power of capital instruments and eligible liabilities in accordance with Article 21. The valuation itself shall not be subject to a separate right of appeal but may be subject to an appeal together with the decision of the Board.", "paragraph_id": "para_37" }, { "text": "…’", "paragraph_id": "para_38" }, { "text": "Background to the proceedings", "paragraph_id": "para_39" }, { "text": "4         The background to the proceedings is set out in paragraphs 2 to 12 of the order under appeal and may be summarised as follows for the purpose of the present proceedings.", "paragraph_id": "para_40" }, { "text": "5         The appellant, which has its registered office in Russia, is the largest bank in the Russian Federation. It holds all (100%) of the shares in Sberbank Europe AG, which, at the material time, was a credit institution established in Austria with subsidiaries in Member States and in third States, including Sberbank banka d.d., a credit institution established in Slovenia (‘Sberbank Slovenia’), in which it held almost all of the shares (99.99%).", "paragraph_id": "para_41" }, { "text": "6         Sberbank Europe and its subsidiaries, including Sberbank Slovenia, formed a group.", "paragraph_id": "para_42" }, { "text": "7         Sberbank Slovenia’s liquidity situation deteriorated following the geopolitical tensions between the Russian Federation and Ukraine, which culminated in Russia’s invasion of the latter on 24 February 2022. Following a finding by the European Central Bank (ECB) on 27 February 2022 that Sber …", "paragraph_id": "para_43" }, { "text": "8         That decision, addressed to Banka Slovenije (Bank of Slovenia), provided for the sale of Sberbank Slovenia in the form of a transfer of its shares to a third-party banking institution. It gave rise to the Commission’s endorsement decision on 1 March 2022.", "paragraph_id": "para_44" }, { "text": "The procedure before the General Court and the order under appeal", "paragraph_id": "para_45" }, { "text": "9         By the order under appeal, adopted on the basis of Articles 126, 129 and 130 of its Rules of Procedure, the General Court dismissed the action, which the appellant had brought on 20 August 2022 for annulment of the decision of the SRB, of the valuation reports and of the Commission’s endor …", "paragraph_id": "para_46" }, { "text": "Forms of order sought by the parties before the Court of Justice", "paragraph_id": "para_47" }, { "text": "10       The appellant claims, in essence, that the Court of Justice should:", "paragraph_id": "para_48" }, { "text": "–        set aside the order under appeal;", "paragraph_id": "para_49" }, { "text": "–        refer the case back to the General Court for consideration on the merits; and", "paragraph_id": "para_50" }, { "text": "–        order the SRB and the Commission to pay the costs of the appeal and of the proceedings at first instance.", "paragraph_id": "para_51" }, { "text": "11       The Commission contends that the Court should:", "paragraph_id": "para_52" }, { "text": "–        dismiss the appeal as manifestly unfounded; and", "paragraph_id": "para_53" }, { "text": "–        order the appellant to pay the costs of the appeal and of the proceedings at first instance.", "paragraph_id": "para_54" }, { "text": "12       The SRB contends that the Court should:", "paragraph_id": "para_55" }, { "text": "–        dismiss the appeal;", "paragraph_id": "para_56" }, { "text": "–        alternatively, refer the case back to the General Court for final judgment;", "paragraph_id": "para_57" }, { "text": "–        in the further alternative, if the Court of Justice were to give final judgment in the matter, dismiss the action; and", "paragraph_id": "para_58" }, { "text": "–        order the appellant to pay the costs.", "paragraph_id": "para_59" }, { "text": "The appeal", "paragraph_id": "para_60" }, { "text": "13       In support of its appeal, the appellant relies on three grounds of appeal, of which the first and second allege infringement of the fourth paragraph of Article 263 TFEU and the third an error of law by the General Court, consisting of a misinterpretation of its heads of claim.", "paragraph_id": "para_61" }, { "text": "The first and second grounds of appeal, alleging infringement of the fourth paragraph of Article 263 TFEU", "paragraph_id": "para_62" }, { "text": "Arguments of the parties", "paragraph_id": "para_63" }, { "text": "14       In the first ground of appeal, which is divided into five limbs, the appellant claims that the General Court erred in finding that it was not directly affected either by the decision of the SRB or by the Commission’s endorsement decision.", "paragraph_id": "para_64" }, { "text": "15       By a first limb, the appellant submits that the General Court erred in law in that it failed to examine the extent to which it was directly affected by the decision of the SRB and the Commission’s endorsement decision since it did not take into account the effects of those decisions on the rights it held, which are legal in nature and not economic.", "paragraph_id": "para_65" }, { "text": "16       By a second limb, the appellant submits that the General Court did not duly examine the legal effects on it of the decision of the SRB and the Commission’s endorsement decision. Moreover, the General Court likewise failed to examine, or even distorted, the evidence which the appellant had provided in order to demonstrate that those decisions did indeed produce effects of a legal nature on it.", "paragraph_id": "para_66" }, { "text": "17       By a third limb, the appellant submits that, by failing duly to examine the evidence, the General Court also infringed the obligation to state reasons and the rules applicable to the taking and appraisal of evidence.", "paragraph_id": "para_67" }, { "text": "18       By a fourth limb, the appellant claims that the General Court erred in law in that it applied to the facts of the case before it, by analogy, the outcome of the judgment of 5 November 2019, ECB and Others v Trasta Komercbanka and Others (C‑663/17 P, C‑665/17 P and C‑669/17 P, EU:C:2019:923) …", "paragraph_id": "para_68" }, { "text": "19       By a fifth limb, the appellant submits that the General Court erred in law by finding, in paragraph 34 of the order under appeal, that the decision of the SRB and the Commission’s endorsement decision did not concern Sberbank Europe and that, therefore, they did not affect any of the appellant’s rights that it held as a shareholder of that latter group.", "paragraph_id": "para_69" }, { "text": "20       In the second ground of appeal, which is divided into three limbs, the appellant complains that the General Court, in paragraphs 33, 37, 38, 39 and 40 of the order under appeal, adopted an overly narrow definition of the concept of ‘direct concern’ in the light of the facts of the case and the evidence submitted to it.", "paragraph_id": "para_70" }, { "text": "21       By a first limb, the appellant repeats in part the argument that the General Court erred in law in finding that it had no property or management right in respect of Sberbank Slovenia. In particular, the General Court disregarded the concept of ‘banking group’, which serves to establish the appellant’s status as ‘ultimate parent’.", "paragraph_id": "para_71" }, { "text": "22       By a second limb, the appellant pleads an error of law on the part of the General Court on the ground that the latter failed to take into consideration such important and decisive economic effects as those caused to it by the decision of the SRB and the Commission’s endorsement, while requiring that those decisions bring about a legal change in its situation.", "paragraph_id": "para_72" }, { "text": "23       By a third limb, the appellant submits that the General Court erred in law by taking the view, in essence, that the appellant could at most claim an effect on its economic situation and not an effect on its legal situation.", "paragraph_id": "para_73" }, { "text": "24       The SRB contends as a preliminary point that several of the appellant’s arguments in support of the first two grounds of appeal are inadmissible. For the rest, it contends, as does the Commission, that those two grounds of appeal should be dismissed as unfounded.", "paragraph_id": "para_74" }, { "text": "Findings of the Court", "paragraph_id": "para_75" }, { "text": "25       In the first two grounds of appeal, which it is appropriate to examine together, the appellant’s challenge concerns the analysis of the admissibility of the action carried out by the General Court, in the light of the provisions of the fourth paragraph of Article 263 TFEU.", "paragraph_id": "para_76" }, { "text": "–        The first and second grounds of appeal, in so far as they challenge the inadmissibility of the action as directed against the decision of the SRB", "paragraph_id": "para_77" }, { "text": "26       As is apparent from paragraph 26 of the order under appeal, the General Court held that it was not necessary to examine whether the decision of the SRB constituted a preparatory act which was not open to challenge by an action for annulment, as the Commission maintained, or whether, on the …", "paragraph_id": "para_78" }, { "text": "27       However, in the judgment of 18 June 2024, Commission v SRB (C‑551/22 P, EU:C:2024:520, paragraphs 88 and 89), the Court of Justice held that a resolution action adopted by the SRB under Articles 7 and 18 of Regulation No 806/2014 did not produce binding legal effects capable of affecting th …", "paragraph_id": "para_79" }, { "text": "28       Consequently, without it being necessary to examine the first two grounds of appeal in so far as they contest the finding that the action, where directed against the decision of the SRB, was inadmissible, the operative part of the order under appeal which dismisses the action against that decision as inadmissible is well founded on the legal ground that it is not open to challenge, which must be substituted for the legal ground relied upon by the General Court.", "paragraph_id": "para_80" }, { "text": "–        The first and second grounds of appeal, in so far as they contest the finding by the General Court that the action is inadmissible as directed against the Commission’s endorsement decision", "paragraph_id": "para_81" }, { "text": "29       As regards the Commission’s endorsement decision, the General Court stated that, in accordance with the fourth paragraph of Article 263 TFEU, a natural or legal person may only institute proceedings against a decision addressed to another person if that decision is of direct and individual …", "paragraph_id": "para_82" }, { "text": "30       In order to find that the Commission’s endorsement decision did not directly affect the appellant’s legal situation in terms of the case-law, the General Court first referred, in paragraph 33 of the order under appeal, to the judgment of 5 November 2019, ECB and Others v Trasta Komercbanka …", "paragraph_id": "para_83" }, { "text": "31       The General Court then stated, in paragraph 34 of the order under appeal, that the Commission’s endorsement decision did not concern Sberbank Europe, which was a separate legal person from Sberbank Slovenia, and that, therefore, that decision did not affect any of the rights available to the appellant in respect of Sberbank Europe in its capacity as a shareholder.", "paragraph_id": "para_84" }, { "text": "32       The arguments made by the appellant in order to call into question that analysis by the General Court, in both the first and second grounds of appeal, must be rejected.", "paragraph_id": "para_85" }, { "text": "33       As regards the first and fifth limbs of the first ground of appeal, the appellant submits that the General Court erred in law in failing to take into consideration the effects of the Commission’s endorsement decision on the rights which it held, which are legal in nature and not economic, a …", "paragraph_id": "para_86" }, { "text": "34       In that regard, it should be observed that although the appellant, as the sole shareholder of Sberbank Europe, of which Sberbank Slovenia was a subsidiary, was in a position to exercise a certain amount of influence over the latter, through Sberbank Europe, that influence did not derive fro …", "paragraph_id": "para_87" }, { "text": "35       The first and fifth limbs of the first ground of appeal must therefore be rejected as unfounded.", "paragraph_id": "para_88" }, { "text": "36       Furthermore, the claim of distortion, or even of an incomplete examination of the facts purported to demonstrate that the Commission’s endorsement decision produced legal effects with regard to the appellant, put forward under the second limb of the first ground of appeal, is likewise unfou …", "paragraph_id": "para_89" }, { "text": "37       Similarly, as regards the claim of a failure to state reasons, on the ground that the General Court did not rule on the probative value of various documents intended to demonstrate that the Commission’s endorsement decision had legal effects on the appellant, it must be stated that the appe …", "paragraph_id": "para_90" }, { "text": "38       Lastly, as regards the purportedly erroneous reference to the judgment of 5 November 2019, ECB and Others v Trasta Komercbanka and Others (C‑663/17 P, C‑665/17 P and C‑669/17 P, EU:C:2019:923), it is true that that judgment concerns a loss of rights by the direct – not indirect – shareholde …", "paragraph_id": "para_91" }, { "text": "39       As regards the second ground of appeal, alleging that the General Court erred in interpreting, in the light of the circumstances of the case, the concepts of ‘property’ and ‘banking group’, it should be observed that the General Court stated in paragraphs 38 to 40 of the order under appeal, …", "paragraph_id": "para_92" }, { "text": "40       As regards a failure to take into account effects of an economic nature on the appellant’s situation, the approach taken by the General Court is entirely consistent with the case-law of the Court of Justice as regards the definition of effects of a legal nature, as set out in paragraph 29 above, and is therefore not indicative of any error of law. The second limb of the second ground of appeal must therefore be rejected as unfounded.", "paragraph_id": "para_93" }, { "text": "41       In addition, to the extent that the appellant alleges a breach of its right to property, consisting of financial interests, those interests merge with those of the direct shareholder of Sberbank Slovenia, namely Sberbank Europe, such that they are only indirectly affected by the consequence …", "paragraph_id": "para_94" }, { "text": "42       In the light of all the foregoing considerations, it is apparent that all of the appellant’s arguments seeking to call into question the General Court’s assessment of its lack of standing must be rejected since they are either inadmissible or unfounded. The first and second grounds of appeal must thus be rejected in their entirety.", "paragraph_id": "para_95" }, { "text": "The third ground of appeal, alleging an error of law by the General Court consisting of a misinterpretation of the appellant’s heads of claim", "paragraph_id": "para_96" }, { "text": "Arguments of the parties", "paragraph_id": "para_97" }, { "text": "43       The appellant claims that the General Court erred in law since it misinterpreted its heads of claim. Accordingly, the General Court was wrong to dismiss as inadmissible the claim for annulment of the valuation reports, with the appellant not having intended to challenge those reports separately from the decision of the SRB.", "paragraph_id": "para_98" }, { "text": "44       The Commission and the SRB contend, in essence, that the third ground of appeal should be rejected as ineffective and, in any event, as unfounded.", "paragraph_id": "para_99" }, { "text": "Findings of the Court", "paragraph_id": "para_100" }, { "text": "45       It should be noted that the appellant, in its application before the General Court, had sought, in the same head of claim, the annulment of the decision of the SRB, the Commission’s endorsement decision and the valuation reports, but without specifying whether or not it wished to challenge the lawfulness of those reports separately.", "paragraph_id": "para_101" }, { "text": "46       In that regard, it must be stated that it is clear from the wording of Article 20(15) of Regulation No 806/2014 that valuation reports, if disputed, cannot be challenged separately from the decision of the SRB.", "paragraph_id": "para_102" }, { "text": "47       However, it must be found that, in the present case, the fact that the valuation reports may have been challenged in conjunction with the decision of the SRB could be of no consequence since, in any event, the General Court, without committing any error, dismissed the action as inadmissible in its entirety. Consequently, the third ground of appeal must be rejected as ineffective.", "paragraph_id": "para_103" }, { "text": "48       Since the appellant has been unsuccessful in all its arguments, the appeal must be dismissed.", "paragraph_id": "para_104" }, { "text": "Costs", "paragraph_id": "para_105" }, { "text": "49       In accordance with the Article 184(2) of the Rules of Procedure, where the appeal is unfounded, the Court is to make a decision as to costs.", "paragraph_id": "para_106" }, { "text": "50       Under Article 138(1) of the Rules of Procedure, which is applicable to appeal proceedings by virtue of Article 184(1) thereof, the unsuccessful party is to be ordered to pay the costs if they have been applied for in the successful party’s pleadings.", "paragraph_id": "para_107" }, { "text": "51       In the present case, since the appellant has been unsuccessful in its appeal, it must be ordered to bear its own costs and to pay those incurred by the Commission and the SRB, in accordance with the forms of order sought by the latter parties.", "paragraph_id": "para_108" }, { "text": "On those grounds, the Court (Seventh Chamber) hereby:", "paragraph_id": "para_109" }, { "text": "1.       Dismisses the appeal;", "paragraph_id": "para_110" }, { "text": "2.       Orders Sberbank of Russia PAO to bear its own costs and to pay those incurred by the European Commission and the Single Resolution Board (SRB).", "paragraph_id": "para_111" }, { "text": "Gavalec", "paragraph_id": "para_112" }, { "text": "Csehi", "paragraph_id": "para_113" }, { "text": "Schalin", "paragraph_id": "para_114" }, { "text": "Delivered in open court in Luxembourg on 15 May 2025.", "paragraph_id": "para_115" }, { "text": "A. Calot Escobar", "paragraph_id": "para_116" }, { "text": "M. Gavalec", "paragraph_id": "para_117" }, { "text": "Registrar", "paragraph_id": "para_118" }, { "text": "President of the Chamber", "paragraph_id": "para_119" }, { "text": "*       Language of the case: English.", "paragraph_id": "para_120" } ], "operative_part": "On those grounds, the Court (Seventh Chamber) hereby:\n\n1.       Dismisses the appeal;\n\n2.       Orders Sberbank of Russia PAO to bear its own costs and to pay those incurred by the European Commission and the Single Resolution Board (SRB).", "word_count": 4628, "cites": [ "C-792/23", "T-526/22", "C-663/17", "C-665/17", "C-669/17", "C-551/22", "C-463/10", "C-475/10", "C-363/22", "C-425/19" ], "cited_by": [], "sha256": "cff98f468e5ac4a9cf1a136c6e5a231d81738003de19f19f8301591591acf946", "source_url": "https://publications.europa.eu/resource/celex/62023CJ0792", "fetched_at": "2026-10-03T13:20:26.66+00:00", "canonical": "https://legal.exploreworldai.com/ai/judgments/eu/c-792-23-p", "risk_graph": "https://legal.exploreworldai.com/api/public/v1/risk?id=eu:c-792-23-p", "relations_graph": "https://legal.exploreworldai.com/api/public/v1/relations?id=eu:c-792-23-p", "changes": "https://legal.exploreworldai.com/api/public/v1/eu-praxis/changes", "agent": "https://legal.exploreworldai.com/api/public/v1/eu-praxis/agent?id=eu:c-792-23-p" }, "hash": "sha256:f816a3bd2da749d4adda8af8c4839183076f5bea162db2b9bc56ace9007bf1d1", "version": "legal-2026-10-13", "expires": "2026-10-14T00:00:00.000Z", "dependency": { "index_version": "legal-2026-10-13+legal-2026-10-13+2026-10-13T12:55:18", "content_hash": "sha256:f816a3bd2da749d4adda8af8c4839183076f5bea162db2b9bc56ace9007bf1d1", "revalidate_after": "2026-10-13T14:24:51.680Z", "max_copy_age_seconds": 3600, "policy": "revalidate-required; attribution-preferred", "changelog": "https://legal.exploreworldai.com/api/public/v1/dependency", "verify": "https://legal.exploreworldai.com/api/public/v1/verify", "stale_copy_invalid": true }, "canonical": "https://legal.exploreworldai.com/api/public/v1/judgment-text?id=eu:c-792-23-p", "follow": [ { "rel": "risk", "href": "https://legal.exploreworldai.com/api/public/v1/risk?id=eu:c-792-23-p" }, { "rel": "relations", "href": "https://legal.exploreworldai.com/api/public/v1/relations?id=eu:c-792-23-p" }, { "rel": "agent", "href": "https://legal.exploreworldai.com/api/public/v1/eu-praxis/agent?id=eu:c-792-23-p" }, { "rel": "obligations", "href": "https://legal.exploreworldai.com/api/public/v1/obligation-chain" }, { "rel": "changes", "href": "https://legal.exploreworldai.com/api/public/v1/whats-new?jurisdiction=eu" } ], "disclaimer": "Source reference with official identifier. 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